But they resisted statutory underpinning or an auditing role for another statutory body.
Does the relationship place the accountant in the position of auditing his or her own work?
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And it's noted the main PRAs have no independent auditing, or complaints procedure to protect against conflict of interest.
The bit of PWC forcibly hived off might well wither and die quite quickly, or simply specialise in auditing smaller companies (where there is less of a competition problem, in any case).
The state tax departments will now sometimes take the lead in auditing scam participants or prosecuting promoters.
Even when it comes to specialty areas such as auditing alternative investments or filing tax forms for the very wealthy or delivering sophisticated tax advice to corporations, there are, relatively speaking, a lot of high quality accountants chasing after a relatively limited number of these especially attractive clients.
Auditing firms--or, at the very least, their employees--should be rotated from client to client every few years.
The Guardian, whose editor Alan Rushbridger was at the meeting, reported on Wednesday that the editors had not signed up "to seven recommendations that proposed a role for Ofcom or some other statutory body in auditing the work of the regulator".
The timing is linked to the auditing schedule for each council or authority.
Auditing, advertising, textiles, medicines, you name it: one or other country has objections.
Under ERISA, a pension sponsor may instruct the auditor to a pension not to perform any auditing procedures with respect to investment information prepared and certified by a bank or similar institution.
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